Connect with us

Altcoin

Crypto News Today: Sui Deploys Radio Wave Banking, While Mpeppe Cross into Stage 4 Presale Raising $1.8M

Published

on


The crypto world is buzzing with exciting developments, and two notable projects have taken center stage in recent days: Sui (SUI) and Mpeppe (MPEPE). While Sui is making waves (quite literally) with its revolutionary radio wave banking technology, Mpeppe, the fast-growing casino meme coin, has successfully crossed into Stage 4 of its presale, raising an impressive $1.8 million. These two developments are reshaping the way investors view the future of both decentralized finance and meme coins.

Mpeppe (MPEPE) Crosses into Stage 4 of Fastest Growing Presale

While Sui is making strides in the world of offline transactions, Mpeppe (MPEPE) is continuing its meteoric rise in the meme coin space. The casino-themed cryptocurrency has captivated the attention of the crypto community, and it recently crossed into Stage 4 of its presale. Having raised $1.8 million so far, Mpeppe is solidifying itself as one of the most promising meme coins of 2024.

What makes Mpeppe unique is its combination of meme culture and real-world utility. As a casino meme coin, it offers a playful take on the cryptocurrency market while also providing users with access to decentralized gambling platforms and DeFi services. The coin’s viral marketing has helped it gain significant traction, and with each stage of the presale selling out rapidly, the demand for Mpeppe shows no signs of slowing down.

Currently priced at $0.0021, Mpeppe’s presale has already sold 66% of its tokens in Stage 4, leaving a limited window for investors to get in before the price increases. With its impressive fundraising and growing community support, Mpeppe is quickly becoming a favorite among both retail and institutional investors who are looking for the next big thing in crypto.

Sui Deploys Radio Wave Banking Technology

Sui (SUI), a blockchain project known for its innovation, is pushing the boundaries of cryptocurrency by introducing offline crypto transactions. This cutting-edge technology allows for secure financial transactions over radio waves, even in areas with limited or no internet access. The potential impact of this technology is huge, especially for underbanked regions of the world where internet connectivity is unreliable.

With Sui’s radio wave banking, users in remote locations can conduct crypto transactions via electromagnetic waves using mobile networks. This is a game-changer for millions of people who lack access to traditional banking services, enabling them to join the global financial system without the need for constant internet access.

Despite these breakthroughs, Sui’s native token (SUI) has faced its share of challenges in the market. The token has dropped 65% since its debut, and while there is optimism around Sui’s long-term goals, investors are looking for alternatives like Mpeppe to diversify their portfolios and seek short-term gains.

Why Mpeppe Is Gaining Traction

Mpeppe’s success can be attributed to several factors. First, its casino theme resonates with a broad audience, appealing to both meme enthusiasts and crypto investors who see the potential for high returns. The combination of humor and decentralized finance has proven to be a winning formula in the crypto world, as seen with other meme coins in the past.

Second, Mpeppe’s team has been highly effective in building a strong community around the coin. Social media buzz, engagement on platforms like Telegram, and viral marketing campaigns have all contributed to the coin’s rapid growth. This community-driven approach is crucial in the world of meme coins, where hype and enthusiasm play a major role in driving demand.

Finally, the presale structure has created a sense of urgency among investors. With each stage selling out quickly, those who miss out on early stages are eager to jump in before the price rises further. This FOMO (Fear of Missing Out) effect has been a key driver of Mpeppe’s success, and with Stage 4 already 66% sold, it’s clear that the demand for Mpeppe is not waning.

Mpeppe and Sui: Challenging Status-quo

As Mpeppe’s (MPEPE) presale continues to attract investors, and Sui pushes the boundaries of what is possible with offline crypto transactions, both projects are poised to make a significant impact in their respective fields. For investors, the question is whether to bet on the long-term potential of Sui’s groundbreaking technology or ride the wave of Mpeppe’s explosive growth.

While Sui’s radio wave banking has the potential to revolutionize financial access for millions of people, it will take time for the technology to be fully implemented and adopted. In contrast, Mpeppe offers immediate opportunities for gains as it continues to rise through its presale stages.

Both projects represent exciting developments in the crypto world, and whether you’re a tech enthusiast drawn to Sui’s innovative approach or a meme coin lover looking to capitalize on Mpeppe’s viral success, there’s no denying that these two projects are worth keeping an eye on.

For more information on the Mpeppe (MPEPPE) Presale: 

Visit Mpeppe (MPEPPE)

Join and become a community member: 

https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

 



Source link

Altcoin

Cardano Bulls Secure Most Important Signal To Drive Price Rally

Published

on


The price of Cardano has managed to stay resilient as market volatility has continued to grow, riding on new signals for ADA bulls to drive growth. Cardano has remained on the horizon over the past few weeks as it locked in to retail its ranking as the 10th largest cryptocurrency.

With technical indicators showing a potential rebound, such as the golden cross metric, the question remains whether the ADA price can break out of its current consolidation.

ADA and Mission With Market Bulls

Cardano’s price was $0.6282 at the time of writing, up marginally by 0.64% in 24 hours. ADA bounced back from a low of $0.6197 to a high of $0.6340 to extend its ongoing consolidation.

Despite this close trading range, the asset’s price will likely benefit from the positive shift in Open Interest. This metric, as measured by CoinGlass data, has jumped by over 4% in the past 1 hour, a visible change in direction.

With this short-term shift, the total funds committed to ADA in the market are now pegged at 1 billion, worth over $629 million. Open Interest is a key metric that depicts the total value of contracts opened in the derivatives market. The bigger this figure in dollar terms, the more likely a trend shift is.

This current adoption boost has placed the ADA price in the spotlight. With speculation growing on whether the ADA price could hit $3 or higher levels, commitment in the derivatives market can reshape sentiment.

Cardano Price and Golden Cross Setup

Over the past 7 days, the price of the top altcoin, now capped below the $0.6677 resistance level. However, this will change if the current Golden Cross formation plays out.

Cardano PriceCardano Price
Cardano Price Chart. Source: TradingView

Per the ADA/USDT daily chart, two major indicators are flashing unique signals that must be watched closely. The Awesome Oscillator is still reading negative, a sign that, though bears remain in control, the excessive selloff might be thinning out. 

The Golden Cross, on the other hand, is on the verge of a breakout. The short-term or 9-day Moving Average is about to exceed the long-term or 21-day moving average. If this trend materializes, the Cardano price breakout will be confirmed.

With this signal, an ADA price analysis that teased $4 may be possible despite recent whale selloffs.

Cardano In the News

Amid the sustained dynamic trends in the crypto market today, ADA has remained in the spotlight over the past week.

As reported by CoinGape, the long-anticipated Cardano-Bitcoin staking is likely to become a reality soon. This is a major complement to the growing list of ADA ETF products now filed with the Securities and Exchange Commission (SEC).

If approved alongside other altcoin ETFs, it might usher in another era of institutional adoption for Cardano, setting the coin up for price breakout.

✓ Share:

Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Follow him on X, Linkedin

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Altcoin

Analyst Reveals Dogecoin Price Can Reach New ATH In 55 Days If This Happens

Published

on


Crypto analyst Master Kenobi has provided a bullish outlook for the Dogecoin price, predicting that it could reach a new all-time high (ATH) in 55 days. He revealed what needs to happen for DOGE to achieve this milestone by June, based on his 55-day target.

How The Dogecoin Price Could Reach A New ATH By June

In an X post, Master Kenobi stated that the Dogecoin price will likely reach a new all-time high within approximately 50 to 55 days once it breaks above the trendline he highlighted on his accompanying chart.

dogecoindogecoin

The chart showed that the crucial price level DOGE needs to break above, based on this trendline, is $0.15488. The analyst then remarked that a conservative price target for the top meme coin would be $0.90 by June 5-10.

Master Kenobi had made this prediction while alluding to an earlier post in which he indicated that the Dogecoin bottom was almost near. In that post, he stated that the last time DOGE experienced a downturn, there was a 100-day period from the local bottom to the local top. He noted the meme coin is now halfway through a similar timeframe.

In line with this, the crypto analyst expects the Dogecoin price to reach a new all-time high (ATH) during this period, although he admitted that it is unclear whether it will break the psychological $1 level.

Crypto analyst Kevin Capital also suggested that a massive rebound was on the horizon for the DOGE price. In an X post, he stated that everything is going according to plan for Dogecoin. He urged market participants to stay patient, noting that every day that passes is another day closer.

DOGE Traders Remain Undecided At The Moment

In an X post, crypto analyst Trader Tardigrade indicated that DOGE traders are currently undecided on the meme coin’s next move. In an X post, he stated that the Dogecoin price structure has been converging into a triangle pattern, indicating market indecision.

dogecoindogecoin

He noted that during this period, buyers hesitate to buy high, while sellers are cautious about selling low, leading to conservative behavior on both sides. The analyst added that this pattern typically occurs between a downtrend and an uptrend.

This market indecision currently explains why DOGE investors continue to accumulate and dump their coins at will with no clear sign of active accumulation or a wave of sell-offs. As CoinGape reported, crypto whales recently dumped 570 million DOGE, as the Dogecoin price continues to trade sideways.

✓ Share:

Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Altcoin

Pi Coin Price Soars As Pi Network Reveals Massive Community Reward Plans.

Published

on


Pi coin price went up considerably after a recent announcement outlining the project’s tokenomics and migration plan.

The news revealed that 65 billion Pi tokens have been held in reserve for community mining rewards. This fact accounts for the long-term token distribution strategy of Pi Network, an organization that has labored diligently to develop its ecosystem for more than six years.

Pi Coin Price Pumps Following Token Distribution Details

According to the latest data, the Pi coin price jumped close to 5.5% in the last 24 hours. The coin jumped from an all-time 24-hour low of $0.6098, reaching as high as $0.6599.

Pi had also been in a seven-day trading range of $0.594 to $0.774, and the latest news favored bullish price momentum. Of the 100 billion maximum token supply, 65% (65 billion tokens) is allocated specifically for community mining rewards. CoinGape has also released an analysis of how high Pi Coin can go if major banks start using it.

As per the announcement, the remaining supply is divided among foundation reserves (10 billion tokens or 10%), liquidity purposes (5 billion tokens or 5%), and the Core Team (20 billion tokens or 20%).

A distinctive feature of Pi’s tokenomics is that all allocations track the pace of community migrated mining rewards. This means that as verified community members migrate to the mainnet, tokens from other allocation categories become proportionally available.

The network explained that this structure “was intentionally designed to align the interests of all parties in the network to get as many Pioneers and as many Pi onto the Mainnet as possible.”

In practical terms, this means the effective total supply at any given time can be calculated by dividing the current migrated mining rewards on the blockchain by 65%.

Mainnet migration advances with phased approach

Pi Network has mentioned a structured roadmap for migrating its community of users to the mainnet blockchain. The network highlighted that it has already successfully migrated over 12 million people. They also described this as “an achievement of scalability in the industry.”

The migration process is proceeding in distinct phases based on network priorities. Currently, Pi Network is completing initial migrations for users in the queue. This include verified base mining rewards, Security Circle rewards, lockup rewards, utility apps usage rewards, and confirmed Node rewards.

Once this first migration phase is completed, the network will focus on second migrations that will also incorporate referral mining bonuses attributable to team members who have passed KYC verification.

In addition, the final stage will involve shifting to regular, periodic migrations that will include all bonuses and rewards. CoinGape has also delved into Pi Network price analysis on whether you should sell or hold your Pi Coins.

✓ Share:

Vignesh Karunanidhi

Vignesh Karunanidhi is a seasoned crypto journalist with nearly 7 years of experience in the cryptocurrency industry. He has contributed to numerous publications, including WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io